Introduction

INSANE EA V3 V1.3 MT5 is an automated trading system developed for the MetaTrader 5 platform. It is designed to analyze market conditions using algorithm-based trading logic and execute trades automatically when predefined strategy conditions are satisfied. The system aims to simplify the trading process by reducing manual market analysis while maintaining a structured approach to risk management and trade execution. By continuously monitoring price movements and applying programmed trading rules, the EA allows traders to participate in the market without constant supervision.

Key Features

Fully automated trading within the MetaTrader 5 platform.
Continuous market monitoring to detect potential trading opportunities.
Built-in risk management including stop loss and trade exposure control.
Customizable parameters such as lot size, risk percentage, and trade limits.
Automated trade management including position monitoring and exit logic.
Consistent strategy execution based on predefined algorithm rules.
Compatible with most MT5 brokers.
Backtesting capability through the MetaTrader 5 strategy tester.
VPS compatibility for uninterrupted automated trading.

Recommended Settings

Recommended settings may vary depending on account size and trading preferences, but conservative settings commonly include:

Risk per trade: around 1–2% of the account balance
Lot size: approximately 0.01 lot for every $500–$1000 of account balance
Timeframe: typically M15, M30, or H1 depending on optimization
Leverage: around 1:100 or lower for better risk control
Maximum simultaneous trades: limited to maintain controlled exposure
Spread filter: enabled if available to avoid trading during high spreads

These settings should be tested and optimized on a demo account before live trading.

Backtest Result

Backtesting through the MetaTrader 5 Strategy Tester helps traders evaluate how the EA might perform under historical market conditions.

Typical observations from backtesting may include:

Steady equity growth during stable market conditions
Controlled drawdowns when conservative risk settings are applied
Consistent trade management with predefined stop loss and take profit levels

However, past performance does not guarantee future results since market conditions can change.

Advantages

Automated trading reduces the need for constant chart monitoring.
Eliminates emotional trading decisions by following predefined algorithms.
Provides continuous market analysis during the trading week.
Built-in risk management helps control potential losses.
Customizable settings allow adaptation to different trading styles and account sizes.
Consistent strategy execution improves trading discipline.

Disadvantages

No automated trading system can guarantee consistent profits.
Performance depends on market volatility and conditions.
Incorrect parameter settings can increase trading risk.
Broker conditions such as spreads and slippage can affect results.
Requires the MetaTrader 5 platform to remain active, often requiring VPS hosting.

Installation & Setup Guide

Download the EA file in .ex5 format.
Open MetaTrader 5 and click File → Open Data Folder.
Navigate to MQL5 → Experts.
Copy the EA file into the Experts folder.
Restart the MetaTrader 5 platform.
Enable Algorithmic Trading in the platform settings.
Open the recommended trading pair and timeframe chart.
Drag the EA from the Navigator panel onto the chart.
Configure settings such as lot size, risk percentage, stop loss, and take profit.
Test the EA on a demo account before using it on a live account.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.